Latest news with #gigafactory
Yahoo
14 hours ago
- Business
- Yahoo
Aker, Nscale, OpenAI plan $1 billion Norway AI facility
OSLO (Reuters) -Norway's Aker ASA said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA chips by the end of 2026. The partnership, called Stargate Norway, will use 100% renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added. Sign in to access your portfolio
CNA
14 hours ago
- Business
- CNA
Aker, Nscale, OpenAI plan $1 billion Norway AI facility
OSLO :Norway's Aker ASA said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA chips by the end of 2026. The partnership, called Stargate Norway, will use 100 per cent renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement.
Reuters
14 hours ago
- Business
- Reuters
Aker, Nscale, OpenAI plan $1 bln Norway AI facility
OSLO, July 31 (Reuters) - Norway's Aker ASA ( opens new tab said on Thursday it is partnering with Nscale Global Holdings and OpenAI to build an artificial intelligence facility in northern Norway, aiming to install 100,000 NVIDIA (NVDA.O), opens new tab chips by the end of 2026. The partnership, called Stargate Norway, will use 100% renewable energy to power the AI facility, Norwegian conglomerate Aker said in a joint statement with Nscale and OpenAI. Stargate Norway will be owned by a 50/50 joint venture between Nscale and Aker, investing about $1 billion for the initial phase of the project and with the potential to increase the site's capacity tenfold in future phases, they said. The facility, located in a hydropower-rich region of Norway, will be among the first AI gigafactories in Europe, Nscale CEO Josh Payne said in the statement. "Sovereign, scalable and sustainable infrastructure is now essential to remain competitive," he added.
Reuters
19-06-2025
- Business
- Reuters
German firms to submit competing EU bids for AI gigafactory, newspaper reports
BERLIN, June 19 (Reuters) - Deutsche Telekom ( opens new tab, Ionos ( opens new tab and the Schwarz Group's IT subsidiary will submit competing applications to the EU for an AI gigafactory after the German firms could not agree on a common concept, the Tagesspiegel newspaper reported Thursday. Software giant SAP ( opens new tab will not participate, according to the newspaper. The German applicants could still join forces during the selection process for the data centres planned by the European Union, it said in the report.
Yahoo
19-06-2025
- Business
- Yahoo
German firms to submit competing EU bids for AI gigafactory, newspaper reports
BERLIN (Reuters) -Deutsche Telekom, Ionos and the Schwarz Group's IT subsidiary will submit competing applications to the EU for an AI gigafactory after the German firms could not agree on a common concept, the Tagesspiegel newspaper reported Thursday. Software giant SAP will not participate, according to the newspaper. The German applicants could still join forces during the selection process for the data centres planned by the European Union, it said in the report. (Writing by Miranda Murray, Editing by Friederike Heine) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
